three economists

SEQ CHAPTER \h \r 1 Three Economists : Keynes , Marx and Schumpeter

Abstract

This does two things : it analyzes the basic approaches to economics of the three men listed . Second , this will see to compare and contrast them using nine specific modes of comparison Speaking more generally , this will compare and contrast the above under the idea that social life is not separate from economic life , and therefore , as a consequence , economics is social , and social is moral , and therefore , economics is a moral science

This will concentrate on the basic theoretical

approaches of three famous economists , JM Keynes , Karl Marx and Joseph Schumpeter . All three will be analyzed with one thing in mind : the nature of the morality of economics . Economics is part of society , and society , in to make sense , must have a moral root . Hence , economy must partake in this moral root . The question of the relation of economics to society , and hence , to the moral root of society is the best way to compare and contrast the basic approaches to these three of whom actually believed that economics existed on a different plane from the rest of society . This will begin with a basic of the three economists mentioned , and then , in a separate section , will deal with the major issues of contrast that derive from the analysis

I

All three economists above were also social theorists . All three had specific problems with the classical model of...